Mark Cuban Invests in Decentralized Data Marketplace

Date:

Share post:

It seems Mark Cuban has his finger on the pulse of the ongoing bitcoin sustainability debate. The billionaire investor has joined dClimate, a decentralized network for climate data, as an investor and strategic advisor.

Cuban’s investment follows a $3.5 million seed round in April, led by CoinFund and Multicoin Capital. dClimate’s founding partner Sid Jha declined to share the terms of Cuban’s investment.

The platform aims to be a decentralized marketplace for climate data, forecasts and models – connecting data publishers with buyers. It has a built-in mechanism to score the reliability of data as it is submitted, making the data more transparent. 

Cuban has been a vocal proponent of crypto investment and adoption for years. His investment in dClimate, done through his venture capital group, Radical Investments, is one in a string of investments in crypto data startups. However, this investment is the first that indicates Cuban is listening to the environmental concerns  touted by figures like Elon Musk.

Cuban sees blockchain technology and smart contracts as a way to ensure the reliability and transparency of climate data. He’s also interested in the startup’s history working with Arbol, a New York-based insurance company, to offer weather insurance.

Source: https://www.coindesk.com/mark-cuban-dclimate

spot_img

Related articles

Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both...